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IMF upgrades economic forecast but warns of long-term coronavirus damage

IMF upgrades economic forecast but warns of long-term coronavirus damage

The global economy may take a smaller hit from the coronavirus recession in 2020 than was once expected but faces significant long-term challenges that will likely widen inequality, the International Monetary Fund (IMF) said Tuesday.

In a set of new projections, the IMF slightly upgraded its outlook on the 2020 economic decline while warning that a lack of further fiscal and monetary support could cause deeper damage to the global economy.

The IMF now expects global growth in 2020 to fall to -4.4 percent, 0.5 percentage points better than its June projection of -4.9 percent. The international lender expects growth to rebound to 5.2 percent in 2021, down 0.2 percentage points from a June a projection of 5.4 percent.

“As a result of eased lockdowns and the rapid deployment of policy support at an unprecedented scale by central banks and governments around the world, the global economy is coming back from the depths of its collapse in the first half of this year,” wrote IMF chief economist Gita Gopinath in a Tuesday article

“This crisis is however far from over,” she continued. “The ascent out of this calamity is likely to be long, uneven, and highly uncertain.”

The global economy has gradually rebounded from the onset of the coronavirus pandemic earlier this year, which caused the steepest economic decline since the Great Depression.

Employment and global economic activity has begun to recover as countries adapt to life amid COVID-19, which has claimed more than 1 million lives globally and more than 215,000 in the U.S.

Gopinath wrote that “signs of a stronger recovery” in the third quarter warranted the IMF’s slight upgrade to its forecast. But she warned that the total economic blow of the pandemic would linger for years and restrain the recovery for long after 2020.


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Worldwide Tanks and Other Armoured Fighting Vehicles Industry to 2030 – Market Analysis, Forecast, Size, Trends and Insights

Worldwide Tanks and Other Armoured Fighting Vehicles Industry to 2030 – Market Analysis, Forecast, Size, Trends and Insights


The “World – Tanks and Other Armoured Fighting Vehicles – Market Analysis, Forecast, Size, Trends and Insights. Update: COVID-19 Impact” report has been added to’s offering.

This report provides an in-depth analysis of the global armored fighting vehicle market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, the researchers combined the accumulated expertise of their analysts and the capabilities of artificial intelligence. The AI-based platform, developed by data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Key Topics Covered:


Making Data-Driven Decisions to Grow Your Business






A Quick Overview of Market Performance




Understanding the Current State of The Market and Its Prospects



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Insights on the Motion Picture Global Market to 2027 – Opportunity Analysis and Industry Forecast

Insights on the Motion Picture Global Market to 2027 – Opportunity Analysis and Industry Forecast


The “Motion Picture Industry by Genre, Demographics and Dimension: Global Opportunity Analysis and Industry Forecast, 2021-2027” report has been added to’s offering.

The global entertainment industry is growing steadily, with China, India and Southeast Asian countries outperforming the average growth. These countries are amongst the world’s youngest nations with more people under the age of 25. Rise in disposable incomes along with favorable demographics have resulted in increased propensity to spend on entertainment and leisure. With the expansion of theatres, markets in countries such as India, China, and others South East Asian nations are surging.

Growing middle class increasing per capita income, and working population are all together generating colossal domestic demand for leisure services – including entertainment. Players operating in the region are rapidly diversifying their offerings beyond their traditional domains; thus, leveraging synergies and building presence across diversified segments of the entertainment industry. Globalization of the motion picture industry, along with emergence of multiple entertainment options supplemented by relative easy access to capital have been some of the key growth factors that are driving the global motion picture market across geographies.

Uncertainties about current and future economic conditions might dissuade foot fall amongst multiplexes. The COVID-19 outbreak results in widespread economic crisis around the world. Emergence of an alternate platforms such as Netflix and Amazon Prime coupled with piracy of films act as major challenges for the engaged stakeholders.

Recent years have seen uprising of the online crowdfunding platforms. IndieGoGo was the first major platform which was launched in the year January 2008 however new crowdfunding platforms such as Kickstarter, Seed & Spark, Slated, The Bottom Line, have been launched owing to increasing popularity amongst stakeholders .One of the biggest crowdfunded movie in recent years is the Veronica Mars movie, which raised about

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Outlook on the Autonomous Tractors Global Market to 2026 – Industry Perspective, Comprehensive Analysis, and Forecast

Outlook on the Autonomous Tractors Global Market to 2026 – Industry Perspective, Comprehensive Analysis, and Forecast

The “Autonomous Tractors Market – By Component (GPS, Sensor, Vision System, and Others), By Application (Harvesting, Tillage, Irrigation, Seed Sowing, Fertilizing, and Spraying), and By Region – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report has been added to’s offering.

The global autonomous tractors market garnered earnings worth approximately 1,948.2 (USD Million) in 2019 and is set to record a CAGR of about 23.8% over the period from 2020 to 2026. The report offers assessment and analysis of the autonomous tractors market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).

Autonomous tractor is a driverless farm vehicle that provides massive effort at reduced velocities for tillage purpose along with other farming activities. It is considered to be autonomous as it functions without the aid of human and is automated or self-driven.

Furthermore, these tractors are light-weighted and have the ability to perform tasks for twenty-four hours. These vehicles are also termed as robotic tractors and are utilized in farming lands. Additionally, these tractors provide unique and outstanding farming experience to farmers.

Need for operational efficiency as well as high crop yield has resulted in massive demand for autonomous tractors in the recent years. In addition to this, growing government aid to accept new technologies are likely to boost the popularity of autonomous tractors over the years to come. Apart from this, these products assist the farmers in gaining vital information pertaining to soil conditions, crop output, rate of fuel usage, and others. All these aforementioned factors are likely to drag the growth curve of the industry in

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Global Kids’ Furniture Market 2020 Growth, Trend, Analysis, Future Opportunities and Industry Forecast to 2025

Global Kids’ Furniture Market 2020 Growth, Trend, Analysis, Future Opportunities and Industry Forecast to 2025

The MarketWatch News Department was not involved in the creation of this content.

Oct 11, 2020 (CDN Newswire via Comtex) —
Global Kids’ Furniture Market 2020 by Manufacturers, Type and Application, Forecast to 2025 focuses on encompassing major statistical aspects of the market as it offers our readers a value addition on guiding them in encountering the barriers surrounding the market. The report thoroughly scrutinizes the effects of different factors impacting market drivers and development. The report contains a comprehensive addition of several factors such as global distribution, manufacturers, market size, and market factors that affect global contributions. The research also inspects the global Kids’ Furniture market deals channels, difficulties, openings, drivers, future patterns, development rate, market share, rivalry scene, and status.

Outlook For The Industry:

This report offers market forecasts (2020 to 2025) on the industry, including total sales, a number of companies, attractive investment opportunities, and others. It also tracks investigation from the flexible chain, import, government strategy, and future impact on the business. Then, investigation about market status, venture rivalry example, points of interest, and hindrances of big business items, industry improvement pattern, attributes, and macroeconomic approaches has likewise been incorporated. This report covers key segments and sub-segments, key drivers, restraints, opportunities, and challenges in the market.

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.


A Gist of The Application Spectrum And Product Landscape:

Data regarding the returns generated by each product type is also enumerated. An in-depth analysis of the application range of each product type enlisted is also highlighted in the global Kids’ Furniture market

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